Digital Turbine (NASDAQ:APPS) Rating Increased to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Digital Turbine (NASDAQ:APPS) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Benchmark assumed coverage on shares of Digital Turbine in a research report on Tuesday. They set a “buy” rating on the stock. Zacks Research raised shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Wednesday, May 27th. Finally, Weiss Ratings downgraded shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $9.67.

Digital Turbine Stock Performance

NASDAQ:APPS opened at $9.18 on Tuesday. The stock has a 50-day moving average price of $8.78 and a 200 day moving average price of $5.72. The stock has a market capitalization of $1.11 billion, a P/E ratio of -25.50, a P/E/G ratio of 0.65 and a beta of 2.75. Digital Turbine has a 12-month low of $2.74 and a 12-month high of $13.60. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.84.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. Digital Turbine had a positive return on equity of 27.60% and a negative net margin of 6.68%.The company had revenue of $142.55 million for the quarter, compared to analysts’ expectations of $133.22 million. Equities research analysts forecast that Digital Turbine will post 0.68 EPS for the current fiscal year.

Institutional Trading of Digital Turbine

Hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of Digital Turbine during the 2nd quarter valued at approximately $674,000. Segall Bryant & Hamill LLC bought a new stake in Digital Turbine in the first quarter worth $1,283,000. Verus Capital Partners LLC bought a new stake in Digital Turbine in the first quarter worth $35,000. Essential Partners LLC increased its position in Digital Turbine by 167.3% in the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after purchasing an additional 5,652 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Digital Turbine by 17.4% during the first quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock valued at $10,423,000 after purchasing an additional 535,169 shares in the last quarter. 63.66% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Company Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.